Chief Lending Officer jobs in Billings, MT

This position can be located at any of the First Interstate Bank offices in Arizona, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota and Wyoming.

What's Important to You

We know your career is just one aspect of a meaningful, complex, and demanding life. That's why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.

• Accrue and use your paid time off (PTO) immediately - no waiting period - plus paid federal holidays in addition to PTO.
• To assist employees in paying down student loan debt, we will make monthly payments of $100 directly to eligible loan service providers on behalf of our employees until the loan is paid off.
• Our retirement plan is one of the best in the region, including a 6% employer match on your 401(k). Employees (including temporary) scheduled to work 20 or more hours per week are automatically enrolled day one.
• The health and happiness of the places we call home matter to us. Learn a little more about what we do for the and why we want YOU to be a part of it.

We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate.

SUMMARY

The Chief Credit Officer is responsible for the overall management of the Banks' Credit Risk Management function. The Chief Credit Officer will develop. maintain and communicate a credit strategy for the organization appropriate for meeting the Company's agreed upon goals and objectives. This position will lead the Credit Risk Management team and will work with the Chief Banking Officer's organization and key stakeholders to facilitate the origination of new loans and management of the existing portfolio, including the oversight of the Bank's credit quality. This position will assist the Bank in meeting its overall business plan goals and maximizing loan profitability within risk appetite limitations of the organization. The position is responsible for developing, implementing, and monitoring loan policies, procedures and practices. The ideal candidate will have advanced skills in credit risk management, credit analysis, credit portfolio management, and leadership. This is a senior leadership position that requires a high degree of communication skills who reports to the Chief Risk Officer and provides reporting to the organization's Management, Bank Board and Holding Company Board risk- related committees.

ESSENTIAL DUTIES & RESPONSIBILITIES include the following:

• Develop, implement, and maintain credit policies and procedures appropriate to manage risk within the company's Risk Appetite for commercial and, consumer lending.
• Develop and communicate credit strategy for the organization in partnership with the Chief Banking Officer and other key stakeholders, in line with the Company's agreed upon goals and objectives.
• Conducts routine team meetings with key stakeholders in areas of responsibility to ensure alignment and engagement.
• Develop credit risk appetite to promote the strategic direction of the Bank in conjunction with the Enterprise Risk Management program.
• Partner with Chief Banking Officer and Chief Human Resources Officer to develop and deploy on-going credit training programs for credit risk and banking teams.
• Be a strategic leader and advocate of the Bank's credit culture, ensuring it is understood by all key stakeholders and consistent with management's standards and expectations.
• Develop, implement, and maintain an appropriate Credit Portfolio Management program that includes reporting and analysis to monitor credit performance for management, the Bank Board and the Risk Committee of the Board of Directors.
• Participate in the Bank's ACL Committee as a voting member to ensure reserves are timely and appropriate based on the environment and quality of the loan book.
• Ensure working knowledge of the accounting and SEC reporting principles, including related impacts of credit decisions and other financial matters, including financial statement disclosures.
• Maintain the highest individual loan authority, as granted by the Bank Board, up to the house limit.
• Ensure credits are structured to align with the Bank's Credit Policy guidelines and client needs, in conjunction with lending teams.
• Manage the Special Assets Group that coordinates commercial "work out" loans and strategies.
• Directly interface with banking regulators, as needed.
• Manage direct reports of Senior Credit Risk Officers, Appraisal Officers and other credit specialists.
• Apply superior decision-making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits.
• Maintains knowledge of financial industry, economy, market conditions, rates, vendors and competition.
• Coordinate preparation and distribution of accurate credit information covering loan quality trends, growth trends, loan product concentrations on a timely basis.
• Leads credit diligence teams to review credit portfolio of any potential bank acquisitions.
• Ensures compliance with state and federal regulatory guidelines.
• Works closely with the legal counsel to expeditiously resolve litigation while minimizing legal and collection expenses.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

Bachelor's Degree in Business from a four-year college or university. 10 years of direct credit and supervisory experience in Commercial lending, real estate and construction lending, SBA and agricultural lending, as well as loan documentation requirements, loan underwriting guidelines, loan negotiations and regulatory issues relating to the above. Thorough knowledge of banking and lending strategies.

Advanced knowledge of the loan market and various industry (OCC and FDIC) regulations.

OTHER SKILLS & REQUIREMENTS

Demonstrated proficiency in using Microsoft Office software, including Internet Explorer, Word, Power Point and Excel.

LANGUAGE SKILLS

Ability to communicate effectively verbally and in writing and to speak effectively to groups. Ability to read and correctly interpret rules, regulations, policies, and procedures that relate to all bank products.

MATHEMATICAL SKILLS

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

REASONING ABILITY

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.

PHYSICAL DEMANDS

While performing the duties of this job, the employee is regularly required to walk and talk or hear. The employee frequently is required to stand and sit. The employee is occasionally required to use hands to finger, handle, or feel; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.